aleo solar AG

aleo solar AG supplies modules worth over EUR 35 million to Europe´s sunniest countries

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG today announced that it continues to expand its market position in Europe. Customers from Germany, Spain, Italy and Greece have ordered additional aleo modules worth more than EUR 35 million for the current year. Together with the contracts previously reported, the current contract volume of aleo solar AG for the year 2008 amounts to over EUR 150 million.

While German and Spanish customers have long played a part in aleo solar´s strong revenue growth, Italy and Greece are now becoming increasingly important markets. "Italy and Greece are developing into two significant pillars of our foreign business," said Jakobus Smit, CEO of aleo solar AG. In January, aleo solar expanded its presence in Italy with the establishment of aleo solar Italia S.r.l., and there has been an aleo solar sales team in Greece since 2007. "We are striving for widespread coverage of Europe´s core markets," Smit added.

This growth is possible because production capacity at aleo solar´s Prenzlau site will nearly double. Heiner Willers, a member of the Management Board of aleo solar AG, said, "Construction is in full swing and we are right on target. By the end of 2008, the Group will have a total production capacity of 180 megawatts." In addition to expanding its production plant, aleo solar is building a logistics centre with an automatic warehouse which will directly supply specialist dealers and installers.

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ots Originaltext: aleo solar AG
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Branche: Alternative energy
ISIN:      DE000A0JM634
WKN:        A0JM63
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